Eminence Capital, LP, a Delaware limited partnership, launched its business as Eminence Capital, LLC, a New York limited liability company, in January 1999 with a single investment strategy that continues to be our primary investment focus – fundamental long/short equity investing. As of July 1, 2014, Eminence Capital, LLC merged with and into Eminence Capital, LP, which assumed all of the assets, liabilities and obligations of Eminence Capital, LLC. Eminence Capital’s partners, officers and employees are located in New York City. Our total assets under management were approximately $ 6,873,200,000 as of February 1, 2023. All such managed assets are managed on a discretionary basis. Ricky Sandler is the founder, Chief Executive Officer and Chief Investment Officer of Eminence Capital. He has a significant majority ownership of the Investment Adviser. We refer to our funds that employ our classic Eminence long/short strategy as classic Eminence long/short (“Classic”). We also have “Long” funds with portfolios that generally replicate the long positions held in the Classic funds. In addition, we have a fund that invests in public and private companies operating in or adjacent to the cannabis sector (the "Opportunity Fund"). Collectively, we refer to the Classic funds, the Long funds, and the Opportunity Fund as the “Funds,” and each a “Fund.” We also provide investment advisory services to the owner of two separately managed accounts (the “SMAs”) that is an entity and have been appointed by the manager of two Undertakings for the Collective Investment in Transferable Securities as the investment manager to carry out the discretionary investment management of a segregated portfolio of each such fund (the “UCITs Segregated Portfolios,” and together with the “SMAs” the “Long Accounts”). The portfolios of the Long Accounts generally will be made up of all or a subset of the positions held in the long portfolios of the Funds. The Funds are: Eminence Classic Funds
• Eminence Partners, L.P. (“Eminence Partners”), a New York limited partnership, and Eminence Fund, Ltd., an exempted company incorporated under the laws of the Cayman Islands (“Eminence Fund”). Eminence Partners and Eminence Fund invest all or substantially all of their assets in Eminence Fund Master, Ltd. (“Eminence Fund Master”), an exempted company incorporated under the laws of the Cayman Islands.
• Eminence Partners II, L.P. (“Eminence Partners II”), a New York limited partnership. Eminence Long Funds
• Eminence Partners Long, L.P. (“Partners Long”), a Delaware limited partnership and Eminence Fund Long, Ltd., an exempted company incorporated under the laws of the Cayman Islands (“Fund Long,” and together with Partners Long, the “Long Feeder Funds”). The Long Feeder Funds invest substantially all of their assets in Eminence Fund Long Master, Ltd. ("Fund Long Master"), an exempted company incorporated under the laws of the Cayman Islands.
• Eminence Partners Long II, LP (“Partners Long II”), a Delaware limited partnership.
• Eminence Fund ICAV – Eminence Fund Long I (“ICAV1”), an umbrella Irish collective asset-management vehicle authorized by the Central Bank of Ireland as a qualifying investor alternative investment fund and its sub-fund. Opportunity Fund
• Eminence Capital Opportunity Fund, LP, a Delaware limited partnership. The Investment

Adviser serves as the management company to, and has discretionary trading authority with respect to, the Funds and has overall responsibility for the investment strategy of Fund Long Master. Eminence GP, LLC, an affiliate of the Investment Adviser that is controlled by Ricky Sandler (“Eminence GP”), has overall responsibility for the investment strategy of Eminence Partners, Eminence Partners II, Partners Long II, and Eminence Fund Master. Eminence Opportunity GP, LLC, another affiliate of the Investment Adviser that is controlled by Ricky Sandler (“Eminence Opportunity GP”; together with Eminence GP, the “General Partners” and each a "General Partner"), has overall responsibility for the investment strategy of the Opportunity Fund. The interests in Eminence Partners II, Partners Long II, and the Opportunity Fund are offered on a private placement basis, and in reliance on Section 3(c)(1) of the Investment Company Act of 1940, as amended (the “Company Act”), to persons who generally are “accredited investors” as defined under the Securities Act and subject to certain other conditions, which are set forth in the offering documents for Eminence Partners II, Partners Long II, and the Opportunity Fund. The interests in Eminence Partners and Partners Long are offered on a private placement basis, and in reliance on Section 3(c)(7) of the Company Act, to persons who generally are “accredited investors” as defined under the Securities Act and “qualified purchasers” as defined under the Company Act, and who are subject to certain other conditions, which are set forth in the offering documents for Eminence Partners and Partners Long. Shares in Eminence Fund and Fund Long are generally offered to persons (x) who are not “U.S. Persons,” as defined under Regulation S of the Securities Act, or who are tax-exempt U.S. Persons (or entities substantially comprised of tax-exempt U.S. Persons) on a private placement basis, and (y) who are subject to certain other conditions, which are fully set forth in the offering documents for Eminence Fund and Fund Long. Each ICAV1 shareholder generally must be a non-U.S. person who meets the definition of “Qualifying Investor” as defined in the Central Bank of Ireland’s rulebook in relation to alternative investment funds. The Funds are authorized to issue shares and limited partner interests, as determined from time to time by the board of directors or the relevant General Partner, as applicable, which may differ in terms of, among other things, redemption/withdrawal rights, redemption/withdrawal fees, voting rights and minimum initial and additional subscription amounts. Eminence Capital provides investment advice directly to the Funds and the Long Accounts and not to individual investors in the Funds. Eminence Capital does not tailor the advisory services it provides to the individual needs of investors in the Funds and does not accept investor-imposed investment restrictions. Advisory services provided to the Long Accounts are tailored to each of the Long Accounts' needs and restrictions. As used herein, the term “client” generally refers to each Fund and each of the Long Acocunts. This Brochure generally includes information about the Investment Adviser and its relationships with its clients and affiliates. While much of this Brochure applies to all such clients and affiliates, certain information included herein applies to specific clients or affiliates only.